PTA Weekly: PTA'S Short Term Trend Is Uncertain.

The range of crude oil is currently fluctuating.

The influence is weakened, waiting for the later breakthrough.

In the PTA industry chain, the upstream PX device is gradually resuming production, and the pressure of new production capacity will also appear.

Downstream polyester due to poor profit, high inventory, weaving downturn, the current load fell to 78.8%, the target is expected at 70-75%, there is still room for a decline, the demand for PTA will continue to decrease.

Are there major fluctuations in the market?

Installation problems, Yisheng Hainan parking makes the supply and demand of PTA nearly 100 thousand tons in June. Due to the high inventory and limited temporary impact, it is difficult to guarantee similar failures. After all, many devices run longer.

Overall, the cost side is weakening, consumption continues to be weak, PTA supply is reduced but stocks are adequate.

The shock will remain weak.

Later, it concerns whether crude oil can break through the consolidation interval, PTA current spread and delivery stock outflow.

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Xinjiang Corps is an important commercial cotton production base in China. In recent years, the sown area of cotton has been stabilized at more than 9 million mu. The annual output of cotton accounts for more than 1/5 of the country, and its export volume accounts for half of the total.

Cotton yield per unit area is far higher than that of the whole country and the world average level. Cotton grade one and two grade rate keeps at 80%, quality cotton grade and commodity rate ranks first in China.

In 2014, the Xinjiang cotton Corps planted an area of 10 million 508 thousand and 500 mu, cotton production of 1 million 636 thousand and 100 tons, and cotton harvesting area of more than 70%.

Recently, according to information from the Xinjiang development and construction corps development and Reform Commission, in 2015, the state invested 200 million yuan in the central government and continued to support the construction of high-quality cotton bases in Xinjiang regiment.

The Xinjiang high quality cotton base is the only 4 consecutive five years of superior agricultural product bases supported by the state.

The feasibility study report of the 12th Five-Year Xinjiang cotton base construction project was co compiled by the Xinjiang autonomous region and the Xinjiang Corps. At the end of 2012, it was approved by the national development and Reform Commission. It approved the central investment corps and the local 500 million yuan. In 2012, the Central Committee of the Xinjiang Corps invested 50 million yuan.

Xinjiang development and Reform Commission introduced 2015 as the year of "12th Five-Year" ending, and the national development and Reform Commission increased its support for the construction of high-quality cotton bases in Xinjiang. The central government invested 200 million yuan, an increase of 1/3 over the previous year, which is the sum of the central investment arrangements in 2012 and 2014.

It is mainly used in three aspects: the supporting pformation of cotton seed industrialization, the construction of cotton fields with high efficiency and stable production, and the configuration of machine picked cotton.

At present, the preliminary work of the project has been basically complete. The Xinjiang Corps will first launch the first batch of central investment 161 million yuan recently, with a total of 37 construction projects.

It is understood that the key construction contents of the "12th Five-Year" high quality cotton base construction project in Xinjiang corps are the supporting pformation project of fine seed industrialization, the efficient and stable production of cotton fields and the equipment for machine picking cotton. The key problem is to solve the problems of high cost of harvesting workers, low consistency of raw cotton, improper matching of irrigation and drainage system in cotton fields, and high proportion of saline alkali land in the current production of the Xinjiang Corps. The total investment of the project is 715 million yuan (the central budget is 500 million yuan).

Among them, the supporting pformation of improved seed industrialization is 70 million yuan, 272 million 500 thousand yuan for efficient and stable production of cotton field construction, and 344 million yuan for the construction of auxiliary facilities for machine picked cotton.

The Xinjiang Corps will improve the cotton industry system through the construction of the "high quality cotton base" in 12th Five-Year, and comprehensively promote the production of high-quality cotton. The planting area of the high quality cotton base is stable at 7 million 500 thousand mu, with an average yield of 173 kg per mu and a total output of 1 million 300 thousand tons.

The overall quality of cotton has reached the international level, and the quality of some cotton types has reached the international advanced level.